Comments about ‘Psst, taxes go up in 2013 for 163 million workers’

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Published: Sunday, Oct. 21 2012 8:16 a.m. MDT

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UtahBlueDevil
Durham, NC

"The continued extension of a temporary payroll tax holiday has serious long-term implications for Social Security and, frankly, it's not even clear that it has helped to boost our ailing economy." - Orin Hatch

Interesting.... so it is unclear that a tax break boost our ailing economy. But isn't someone one running an a platform that is pretty much based on the notion that all our economy needs is to decrease taxes, and life will be puppy dogs and unicorns?

So they are for tax cuts... but not. I could have sworn the Romney economic theory was that if you cut taxes enough - you will balance the budget.... still looking for the math that supports this idea. It didn't work under Reagan, it didn't work under Bush 1, and it didn't work under Bush II.... but this time, well, things will be different.

worf
Mcallen, TX

But he said it wouldn't go up a dime, yet Barry gave billions to the Muslim Brotherhood, China, Egypt, Pakistan, etc. Will half our citizens still be exempt from paying?

Obama! Quit your golfing , vacationing, campaigning, and try being a president. Keep your word.

carman
Wasatch Front, UT

Why is the social security base growing from $110k to $113.2k this year when inflation is up less than 2%. The average worker will never get ahead of this egregious tax. Why not let us save the 15% or so we pay in Social Security (employee + employer share), and invest it wisely? I'll tell you why! Because this ponzi scheme would collapse without all of the young workers at the bottom of the pyramid supporting it!

If I could have been saving my 15% annually, I could have retired by now. Instead, I'll have 15% of my income taxed from now to eternity to support Social Security. And me, and many other younger workers will likely see our Social Security taxes rise during the remainder of our working lives, while our benefits will be cut, probably drastically. Why? So that we can support the wealthiest demographic - those over the age of 65.

Social Security is a farce and a ponzi scheme.

peter
Alpine, UT

Make politicians live by the same set of rules they force upon the people. It's time to make politicians accountable to the people. The people have been lulled to sleep by the glib tongues of politics. Until they respond appropriately to our needs, keep voting them out of office.

WHAT NOW?
Saint George, UT

@carman

Your premise might also save you being identified as one of the free-loading 47% of American Citizens (active military, senior citizens and students) romney and repubs so dearly despise.

Why would I?
Farmington, UT

Oh, goody, I can hardly wait to pay more taxes.

This sounds too much like the federal government, the state government, the local government, the school board, the water district, the sewer district, the secondary water district, the gasoline tax, the taxes on utility services and all the numerous government-mandated fees that continually go up. Surprising......??? No!

Outsideview
Federal Way, WA

Are you saying that Romneys plan is to let the Bush tax cut expire and then replace that with his accross the board -20% tax cut? That is a whole lot different than what either Obama or Romney is is saying in public. I am against a new tax cut for the wealthy anyway but clarifying this issue would be important for people to understand.

Anyone know the "yearly" value of the Bush tax cuts? I thought it was roughly 1 Trillion dollars. Romneys proposed tax cut was nearly 5 Trllion over 10 yrs? Would it be correct to say Romneys plan (not counting estimated growth) is double Bushs tax plan?

JoeBlow
Far East USA, SC

And this will be spun as an OBAMA tax increase and will be perpetuated by Fox and AM radio.

I agree that the "temporary" tax should expire. We cant fix Social Security by cutting its funding.
By the same token, the "temporary" Bush tax cuts should also expire.

Can someone explain how one tax cut could theoretically stimulate the economy and another one would not? Isn't an extra dollar in ones pocket the same, regardless of where it came from?

Proving once again, It's all just Politics.

My2Cents
Taylorsville, UT

This tax deferred program was a deception to cheat the american people out of SSA to expand the power and growth of government and no one even noticed any change in IRS taxation. This deferment was about defunding the SSA to destroy it and steal all its funds that belong to taxpayers. The last 20+ years of defunding SSA has stripped retirement hopes from millions of Americans who will never be able to retire if it is not restored at once. Letting this plan to restore will just restore funds to SSA and Medicare and Medicaid.

The American people do not know how to invest wisely or maintain an investment retirement account. This conceptual investment retirement system has failed many times in the past (1890's,1929, and 2008) when the stock market crashed just as the investors were about to retire, intentional?

That is why we have the SSA and it is the only safe retirement plan, smaller but secure. People can offset paying full SSA payments by reducing payments to the 401k plans etc., will be a wash as far as take home pay.

Wayne Rout
El Paso, TX

There will never be enough tax revenue for Democrats. The issue who will cut spending. Government spending could easily be cut 10-15% and should be cut more like 25%.Who will cut spending?

JoeBlow
Far East USA, SC

"Government spending could easily be cut 10-15% and should be cut more like 25%"

Are you suggesting that the GOP is proposing 10-15% cuts?

The problem is that reducing taxes is easy. And Popular.
Cutting spending is hard and unpopular.

That is why our taxes are currently at all time lows and our spending is at all-time highs.

That is also why Romney can quickly and easily tell us that he will cut taxes 20% across the board, but sidesteps the part where he will make spending cuts or reduced deductions.

While it is nice to put the blame on the Dems, history has shown that the GOP is equally guilty.

atl134
Salt Lake City, UT

@outsideview
"Anyone know the "yearly" value of the Bush tax cuts? I thought it was roughly 1 Trillion dollars. Romneys proposed tax cut was nearly 5 Trllion over 10 yrs? Would it be correct to say Romneys plan (not counting estimated growth) is double Bushs tax plan?"

Romney wants to keep the Bush tax cuts, get rid of the Obama tax cuts that were in the stimulus bill (1/3 of that 800 billion was tax cuts set to expire the end of this year) and then reduce rates by 20% below bush levels.

The bush tax cuts are scored as increasing the deficit 4 trillion over 10 years or 400 billion a year. Extending them 10 more years would add another 5 trillion. Romney then wants another 5 trillion dollar tax cut that theoretically will be paid for with tax loophole closures though the details on that have been minimal at best and would still have to get through Congress.

Still Blue after all these years
Kaysville, UT

I would try to refute some of the absurdity of our liberal friends that have commented, but I don't need to waste any energy. Romney will get Utah's 6 votes. The SS tax cut was a bid idea from the beginning. It could never really help the economy because of all the other problems and it has definately hurt the SS trust fund. It was just an attempt by confused and dazed politicians to get votes. Until we stop the crazy spending, and SS and Medicare are a huge part of that crazy spending, there is not enough taxes to collect, even at 90% rates for everyone to pay for the expenses. When I retire in a few years, my spouse and I will receive almost $50K/year from social security plus all the medicare benefits. That is ridiculous! Americans need to be self accountable and start saving for their retirement. Until then, we will continue to be a weak nation.

procuradorfiscal
Tooele, UT

Re: "So they are for tax cuts... but not."

They -- and we -- are for long-term, comprehensively-applied, structurally-based tax reform, including cuts.

The bogus, temporary, indeterminate "tax holiday," applied as a destructive vote-buying scam by the Obama regime doesn't even come close.

worf
Mcallen, TX

America is great, because America is good.

We need leadership which does not promote coveting, lying, adultry, stealing, but one that respects God as the creator of a country which supplies free choice.

JWB
Kaysville, UT

To see the Secretary of the Treasury use threats to show that the Republican House of Representative leadership won't bend, that is a travesty.

The House is going by what is in their charter and in the Constitution of the United States of America. They wanted a Secretary of the Treasury that would do his duty of coming up with a budget for the past 3 years that would fulfill his obligation. They wanted a Secretary of the Treasury that would pay his taxes to our country. They wanted a Federal Reserve Board that would do their part to help keep our country solvent instead of lining their and their financial cohorts with profits from their process.

The House of Representatives under Republican control want to have a country that is productive not living on the dole. They want the President to do his job and make a budget or take theirs and use it to help balance our failing nation.

The President spent $200M a day for security on some of his trips. He thinks money grows on trees and will make good use of it for his community organizing efforts. Where are we going if re-elected.

JWB
Kaysville, UT

The people are the government, supposedly, by the law and proclomation. However, people don't go to the polling places to vote. Even with early voting and absentee ballots, that isn't done by so many people. It takes effort to register to vote and that means taking time away from the computer, internet, IPhone, other devices and the gymnastics and running around to various sports activities to do that job.

There are priorities and people have done this for years: Let someone else determine their destiny.

The media and other outlets such as universities and higher education spots, don't want us to vote as it means their types of activities may be changed and an accountability may occur. They don't want that. NPR, PBS and students are fearing for loss of education and media money that can be used to feed minds with intellectual liberalism.

If people don't vote, then we have to live by the ways our supposedly elected leaders choose for us. People don't communicate with their legislators at state and federal level so those people just do what makes them feel good about.

It is too late to register for this election

LDSareChristians
Anchorage, AK

Carmen, I feel for you. I guess I have been blessed. I haven't seen the tax break. The "company" I work for is exempt from paying Social Security, as they have their own investment/retirement program. These last few years,I have been paying a full 6.2% into that fund. Likewise my employer. Additionally, my fund being separate from Social Security, means it will still be solvent when SS goes under.

Rifleman
Salt Lake City, Utah

What is this fiscal cliff I keep hearing about, and how does killing the goose who laid the golden eggs going to help?

Government can't give the people what it doesn't first take from the people. Kinda like a blood transfusion from your right arm to your left arm .... through a leaky tube.

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